Bel Fuse (BELFB) Set to Announce Earnings on Thursday

Bel Fuse (NASDAQ:BELFB) is scheduled to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Bel Fuse to post earnings of $1.04 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. The firm had revenue of $140.01 million for the quarter, compared to analysts’ expectations of $152.86 million. On average, analysts expect Bel Fuse to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $57.05 on Tuesday. Bel Fuse has a 12 month low of $30.11 and a 12 month high of $74.75. The stock has a 50 day moving average of $59.13 and a two-hundred day moving average of $58.45. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $727.96 million, a P/E ratio of 9.79 and a beta of 1.44.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Friday, April 12th. This represents a $0.28 annualized dividend and a yield of 0.49%. Bel Fuse’s dividend payout ratio (DPR) is currently 4.80%.

Wall Street Analysts Forecast Growth

BELFB has been the subject of several research reports. Needham & Company LLC cut their price objective on Bel Fuse from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Northland Securities began coverage on Bel Fuse in a research report on Thursday, January 11th. They issued an “outperform” rating and a $83.00 price target for the company.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the transaction, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.37% of the stock is currently owned by insiders.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.